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ANNUAL RETURN FILLING

Annual Return Filing Fee

1. Annual Return Filling Fee For Business Name is 3,000 per year. Where there is default, penalty is 5,000 per year. Service fee is 5,000 per year.


2. Annual Return Filling Fee For Small Company  is #5,000 per year. Where there is default, penalty is 5,000 per year. Service fee is #7,000 per year.

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3. Annual Return Filling Fee For Incorporated Trustee (NGO/Association)  is #5,000 per year. Where there is default, penalty is 10,000 per year. Service fee is 10,000 per year.
 

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If you encounter any difficulty or need help please contact Support

Entity Information
(All forms to be scanned and uploaded in PDF format)

Registration Category

Enter the years you want to file their Annual Return

Upload Valid ID *

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(Scan and Incorporation Certificate, Status Report and Audit Report/Financial Statement in PDF Format)

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Importance of CAC Registration

Recently, the Central Bank of Nigeria (CBN) released a directive that all businesses that opened bank accounts without their registration certificate should ensure that they regularize their bank accounts or would be closed down pending regularization.

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In Nigeria, an artificial person cannot open an account without registering with the CAC. When a business registers with the CAC, they can open a valid business account with the business name without hitches, which in turn helps your client trust the business regarding payment. The certificate of incorporation is issued after registration, which indicates that such a business has been registered.

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It is obvious that the registration of a business is very important for a business's authenticity, good reputation, and legal recognition. When a business in Nigeria is registered, the business owner has a separate legal identity from the business itself. Thus, the business owner gets separate legal protection. Where liability arises from the business, the owner will not be held personally liable or responsible.

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Also, it is easier to secure loans from banks with a registered business, compared to a personal loan application. Funding is critical in any business; and when it becomes necessary to source it externally, especially from banks, your legal business documents facilitate the process. This is because your company is seen as a legal entity and it can be tracked and accounted for. This gives credibility and trust and ensures confidence.

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Other reasons you should register your company are;

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  1. you can easily obtain a visa and travel to any country for business purposes,

  2. it helps your business remain relevant on the record of the corporate affairs commission,

  3. it gives your potential customers confidence that they are dealing with a reputable business,

  4. It gives the business owner an edge over other businesses that have not been registered and many others.

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Conclusively, the importance of business registration cannot be overstated as ownership of the registration certificate is necessary to confer the right to operate a business legally and make available all rights and privileges accorded to companies in Nigeria.

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A business can be registered as a business name, partnership, limited liability company, unlimited company, or incorporated trustees. There is no better time to register your company than Now!

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